Bakkt and Zoth partner to target the South Asia remittance market with stablecoins

cryptonews05-07

Bakkt and Zoth have entered into a strategic partnership framework to build a compliant stablecoin payment infrastructure across remittance corridors connecting the U.S., South Asia, the Middle East, ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2633190864?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-07 14:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2633190864","market":"nz","top_or_hot":-1,"title":"Bakkt and Zoth partner to target the South Asia remittance market with stablecoins","media":"cryptonews","content":"<div>\n<p>Bakkt and Zoth have entered into a strategic partnership framework to build a compliant stablecoin payment infrastructure across remittance corridors connecting the U.S., South Asia, the Middle East, ...</p>\n\n<a href=\"https://crypto.news/bakkt-and-zoth-partner-to-target-the-south-asia-remittance-market-with-stablecoins/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bakkt and Zoth partner to target the South Asia remittance market with stablecoins</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBakkt and Zoth partner to target the South Asia remittance market with stablecoins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-07 14:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/bakkt-and-zoth-partner-to-target-the-south-asia-remittance-market-with-stablecoins/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bakkt and Zoth have entered into a strategic partnership framework to build a compliant stablecoin payment infrastructure across remittance corridors connecting the U.S., South Asia, the Middle East, ...</p>\n\n<a href=\"https://crypto.news/bakkt-and-zoth-partner-to-target-the-south-asia-remittance-market-with-stablecoins/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1668664300.SGD","symbol_name":"Blackrock World Financials A2 SGD-H","start_time":0,"source_url":"https://crypto.news/bakkt-and-zoth-partner-to-target-the-south-asia-remittance-market-with-stablecoins/","article_id":"2633190864","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/bakkt-and-zoth-partner-to-target-the-south-asia-remittance-market-with-stablecoins/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2633190864","pubTimestamp":1778137134,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Bakkt and Zoth have entered into a strategic partnership framework to build a compliant stablecoin payment infrastructure across remittance corridors connecting the U.S., South Asia, the Middle East, and parts of Africa.Bakkt and Zoth have partnered to build compliant stablecoin payment rails across South Asia, the Middle East, and Africa.Zoth said the partnership gives enterprise clients access to Bakkt’s U.S. licensing infrastructure for cross border settlements.Bakkt’s recent push into stablecoin and agentic payments has expanded after its acquisition of DTR earlier this year.According to a press release shared with crypto.news, the agreement will place the company under the licensing structure of Bakkt Financial Solutions I, LLC, allowing Zoth to operate as an Authorized Agent while using Bakkt’s U.S. regulatory approvals for enterprise payment flows.Bakkt licenses become central to enterprise payment push. According to Zoth, the partnership will initially focus on payment routes l","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","CRCO":"YIELDMAX CRCL OPTION INCOME STRATEGY ETF","CCUP":"T-REX 2x Long CRCL Daily Target ETF","CRCD":"T-REX 2X Inverse CRCLDaily Target ETF","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4023":"应用软件","LU0106831901.USD":"贝莱德世界金融基金A2","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU1861217088.USD":"贝莱德金融科技A2","BKKT":"Bakkt Holdings, Inc.","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","CRCG":"2倍做多CRCL ETF-Leverage Shares","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","ICRC":"Bitwise CRCL Option Income Strategy ETF","LU1861558580.USD":"日兴方舟颠覆性创新基金B","CRCA":"Proshares Ultra CRCL"},"translate_title":"Bakkt和Zoth合作以稳定币瞄准南亚汇款市场","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRCA":0.6,"CCUP":0.6,"CRCO":0.6,"CRCD":0.6,"BKKT":1.94,"CRCG":0.6,"ICRC":0.6},"content_text":"Bakkt and Zoth have entered into a strategic partnership framework to build a compliant stablecoin payment infrastructure across remittance corridors connecting the U.S., South Asia, the Middle East, and parts of Africa.\n\n\nSummary\n\n\n\nBakkt and Zoth have partnered to build compliant stablecoin payment rails across South Asia, the Middle East, and Africa.\nZoth said the partnership gives enterprise clients access to Bakkt’s U.S. licensing infrastructure for cross border settlements.\nBakkt’s recent push into stablecoin and agentic payments has expanded after its acquisition of DTR earlier this year.\n\n\n\nAccording to a press release shared with crypto.news, the agreement will place the company under the licensing structure of Bakkt Financial Solutions I, LLC, allowing Zoth to operate as an Authorized Agent while using Bakkt’s U.S. regulatory approvals for enterprise payment flows. \nThe Singapore-based firm said the setup is expected to help financial institutions and money transfer operators move stablecoin-based payments across high-volume corridors that have historically faced compliance hurdles.\nThe partnership expands Bakkt Inc.’s stablecoin payments strategy weeks after the company completed its acquisition of Distributed Technologies Research, or DTR, a payments infrastructure firm focused on AI-native and agentic transaction systems. Bakkt said at the time that the DTR deal would help it build a 24/7 digital settlement network using stablecoin rails for institutional finance.\nBakkt licenses become central to enterprise payment push\nZoth said Bakkt brings a licensing stack that includes pan-U.S. money transmitter licenses, FinCEN MSB registration, and a New York BitLicense through Bakkt Financial Solutions I, LLC. According to the company, enterprise payment operators have required a U.S.-licensed counterparty before expanding stablecoin settlement activity into regulated remittance markets.\n“By combining Bakkt’s US licensing stack with Zoth’s payment infrastructure and on-the-ground market operations, we are creating a template for how cross-border payments in the Global South move from pilots to production at scale. This partnership does not just benefit Zoth. It benefits every enterprise partner that has been waiting for a compliant, credentialed solution built to operate,” Pritam Dutta, co-founder and CEO of Zoth, said in an accompanying statement.\nBakkt previewed the partnership during its Investor Day event on March 17, 2026, where the company signaled plans to deepen its stablecoin payment operations after integrating DTR’s infrastructure.\nZoth currently processes roughly $300 million in annualized total payment volume and expects the partnership to help scale activity toward $1 billion annually. The company noted that more than $75 million worth of yield products have already been sold through its platform.\nAccording to Zoth, the partnership will initially focus on payment routes linking the U.S. with South Asia, the Philippines, Nigeria, and Gulf markets. The company also identified the UAE-to-South Asia corridor as the largest remittance route in the Middle East, while naming Uganda, Kenya, Ghana, Nigeria, and South Africa among its active African markets.\nZoth said its existing operations include local banking relationships and payment infrastructure across the GCC, Southeast Asia, and South Asia, adding that major money transfer operators in the Gulf region are already working with its network through licensed local entities.\nThe partnership also adds another institutional stablecoin payments initiative to a market that has recently seen increased activity from fintech and blockchain infrastructure firms. Bakkt’s recent focus on agentic payments infrastructure through DTR, combined with Zoth’s regional payment network, places the companies in competition with firms building regulated stablecoin settlement systems for cross-border transfers.\nStrategic partners listed by Zoth include Chainlink Labs, Olea Global Pte Ltd, and Intellistake Technologies Corp. The company said its product suite includes tokenized yield vaults, regulated treasury funds, cross-border payment orchestration tools, and AI agent-enabled payment services.\n\n\n\n\n\n                Read more:\n            \n\n                TrustedVolumes loses nearly $6M in fresh 1inch-linked exploit","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2633190864","isCrawlerRequest":true}